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Experian (EXPN) Shares Gain Following Revenue Growth

Updated: 15 Jul 2021

Experian (LSE: EXPN), a global information services company, issued an update on its trading performance on Thursday morning, resulting in a rise in its share price.

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The company's CEO, Brian Cassin, revealed they “now expect total revenue growth for the full year in the range of 13-15%.”

The Ireland-based firm's operations in North America saw organic revenue growth of 22%, driven by progress in its initiatives such as consumer services seeing increasing 28%.

Further operations saw Latin America's organic revenue rise 25% and Asia Pacific organic growth of 19%.

The UK and Ireland made progress working through its transformation program as the region returned to growth. Organic growth increased by 20%, with total revenue at 35%, reflecting a rise in its B2B platform as clients increased investments in upgrading core underwriting systems. In addition, organic revenue for consumer services gained 37%.

“We delivered a strong performance in Q1 through a combination of successful delivery of our innovation-led strategy and faster than expected recovery as economies emerge from the COVID-19 pandemic”, stated Cassin.

The announcement saw Experian's share price gain 4.77%, climbing to 3119p.

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